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Advanced Energy 1Q profit climbs by nearly 50 percent

2015-05-05 00:52:05| Semiconductors - Topix.net

Advanced Energy earnings amounted to 52 cents per diluted share, up from $14.7 million or 35 cents per share a year ago. The company's share price declined 2.3 percent to close at $24.89 Monday before dropping another 9 cents in the hour following the earnings report.

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Cablevision tops 1Q profit forecasts

2015-05-04 19:00:41| Telecom - Topix.net

On a per-share basis, the Bethpage, New York-based company said it had net income of 16 cents. Earnings, adjusted to account for discontinued operations, were 20 cents per share.

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Buffett Endorses Job Cuts for Profit Amid Shareholder Unease

2015-05-04 13:22:58| Food - Topix.net

Berkshire Hathaway Inc. chairman and chief executive officer Warren Buffett, said, "there's no question that waves of layoffs hurt people". Still, he asked: "what would our country be if we kept everyone on the farm?" Photographer: Daniel Acker/Bloomberg Warren Buffett's partnership with 3G Capital, a job-cutting buyout firm that helped him do some of his biggest deals, has hit a nerve with shareholders of the billionaire's Berkshire Hathaway Inc. The first question asked at Berkshire's annual meeting on Saturday came from a Texas shareholder who said he was "suffering heartburn" because of 3G's "brutal" practices at the companies it acquires.

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Chevron earnings plunge, but $2.6 billion profit beats predictions

2015-05-02 13:03:57| Oil & Gas - Topix.net

Chevron profits plunged during its first quarter, undermined primarily by low prices for crude oil, but the results still topped Wall Street's expectations, the company reported Friday. Profits nose-dived 43 percent and revenue slumped 35 percent during the January-March quarter comapred with the same three months the year before.

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Hampton Roads banks report record first-quarter profit

2015-05-02 02:55:50| Paper - Topix.net

Chesapeake-based Monarch Bank plans to open its Peninsula headquarters at Newport News Tech Center early next year, CEO Brad E. Schwartz said. Monarch, which has offices near Williamsburg in New Town, plans to open a full-service banking branch and mortgage office in 8,000 square feet of an office building under construction near Whole Foods, the company announced last year.

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